Using a Three-Month Moving Average (With Weights of 6,3,and 1

question 14

Multiple Choice

Using a three-month moving average (with weights of 6,3,and 1 for the most current value,next most current value and oldest value,respectively) ,the forecast value for October made at the end of September in the following time series would be__________.

• A) 11.60
• B) 10.00
• C) 9.67
• D) 8.60
• E) 6.11

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Definitions:

July

The seventh month of the year in the Gregorian calendar.

Produced Units

refer to the total number of units of product that have been completed within a given period.

Cost Formula

A mathematical equation used to predict the total cost of production or operations, incorporating both fixed and variable costs.

Total Cost

Encompasses all expenses associated with producing or acquiring goods and services, including direct, indirect, fixed, and variable costs.